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6.IfneceSsdtY,changethepaymentmodebypressingffior
i.H$ffi.
7-
Press
*$ffi&.
8.
K"y in
the number
of
payments
to be
amortized
and
press
.
The HP-275 displays a
message
indicating the pay-
ments
that have been amortized, and the history
stack
is filled
with the
calculation
results.
9.
To
display the calculation
results:
I
You can
press
EJ
repeatedly
to roll
the history
stack.
I
You can
display one or more particular values
by
pressing
ffi,m,and/orm.
10.
To continue
displaying the
schedule
for
subsequent payments,
do
one
of the
following:
t
K"y in
the number
of
succeeding
payments
to be
amortized
and
press
m.
t
Press
ffi
to
use
the previously stored value
for
#P.
To
start the amortization
schedule
over from payment #1,
press
t@
and proceed from step
8.
Example: Displaying an Amortization Schedule.
To purchase
your
home,
you
have taken
out
a 30-year, $55,000 mortgage
at
12.5o/o
annual interest. Your
monthly payment
is
$693
.72. Calculate
the
amount
of the first
year's
and
second
year's payments
that
are
ap-
plied toward principal and interest. Then,
calculate
the loan
balance
after making payments
for
3t/z
years.
Keys:
It-Mop-es]
j
2
[
rnpuR
lrvt\il
12.5
ffi
65000
Display:
IZYR=1e.58
PU=55,
gBE
, EB
Description:
Sets
amortization round-
irg
to
dollars and
cents.
Enters
TVM
application.
Stores
annual
interest
rate.
Stores
loan
amount.
132
6: Time
Ualue
of toney
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